According to a recent survey, 16% of all Swiss companies use an e-commerce solution to sell their products [15]. On the other hand, most companies in Switzerland are unfamiliar with the use of the Internet for purchasing and procurement processes and especially for online buying. This paper discusses the new requirements for procurement and shows the new concepts and strategies that have recently been developed. The main focus is on the opportunities and benefits of new information and communication technologies, especially the Internet. Included in this study are the results of an empirical survey conducted in Switzerland in October 1999. The aim of the survey was to analyze to what extent the Internet is being used in procurement of Swiss companies with more than 100 employees. The results show that the take-up of the opportunities and benefits of the Internet is currently rather low and that most Swiss companies seem to be satisfied with the efficiency of their procurement processes.